About the u. S. Economic outlook iand the federal debt at an oversight hearing. Keith hall was asked about health care costs, immigration policy and government funding. He testified before the Senate Budget committee. I think this has the potential to get a lot of good information. Good morning and welcome to the Congressional Budget Office im proud to say this is the third such installment of the continued oversight under my chairmanship and im glad to see the House Budget Committee will follow the lead with additional oversight later this month. We have a congressional budget act that provides the committee with the authority to review the continuing basis by the Congressional Budget Office of its functions and duties. Present the opportunity to review the performance and served as the forum for discussing ways in which it can be more effective and attentive to the needs of congress. While improving its operations, the first director of the cbo instructed staff in the 1976 memo and s
With our rulses to suspend trading because we wanted to make sure that nyse stocks wouldnt be negatively impacted. Trading on platforms other than the floor was uneffected and despite the halt nyse consolidated volume which captures trading across all platforms was heavier than normal due to the Global Market sell off. Speaking of stocks lets check on how todays session is shaping up. U. S. Equity futures looking for a bounce back after the big sell off yesterday. Dow futures implied with an open plus 150 points. Heres big stories were watching today at this hour. Well start with china. Beijing taking drastic steps to prop up its market there. Along todays move banning shareholders with large stakes in listed firms from selling. It closed up nearly 6 . Elsewhere, south korea rates overnight but did have the countrys Economic Growth forecast. And then of course have to keep updating you on the situation in greece. Meantime germanys Central Bank Warns that greek solvency should not be in
8 million merger as the controversial deal sees them extend control in the largest smartphone maker. Shares of google up 10 in after hours trade. Hello everyone. Seema and wilf are on vacation. A very exciting show for you. This is germanys parliament set to vote on the new bailout deal with greece. That will follow about three hours of debate getting underway now but its widely expected theyll sign off on the greek bailout measures and then we can start the talk on the bailout package. Now this comes as imf chief Christine Lagarde warned about the sustainability of french debt. She wanted to see a full program implemented that includes financial reform. However she reiterated that some level of debt restructuring would be necessary to ease the burden on greece. Lagarde added she expects greek banks to open as planned on monday. Cash withdrawal limits at 60 euros a day but greeces deputy finance minister says that will decrease as the week progresses. This is after mario draghi announc
Of the president ial election. Police have fought running battles with opposition protesters. And now we live in Flanders Fields. Poetry and poppies, the words recording the horrors of world war i. Recording the horrors of world war i, laid outline recording the horrors of world war i, laid out line by line in britain and in france. To get in touch. Do get in touch. Welcome. President trump is about to announce his plan for tackling the opioid addiction crisis which is ravaging much of america. The rate of overdoses is climbing. Last year it exceeded the number of americans killed during the entire vietnam war. The epidemic affects everybody, black, white, poor, rich, urban and rural. From communities across the us we are getting heart rendering stories of patients and parents who have buried their addicted children far too young. We can now see the impact in marilyn and maryland. She was an exceptional athlete. All of that was dropped from her when she was introduced to opiates and ev
Politics and economics here. To my knowledge, nobody has asked for clearing to move from a business standpoint. Francine good morning. This is bloomberg surveillance in london. E lacqua we have a lot to get to. The fomc meeting some underpinning everything we see on the market. Bunds are very important because they are getting closer to taking out that 0. 5 yield level by the day. Todays push could be coming som comments by the bank nonstandard measures. Oilnted to show you crude as well, 45. 47. Lets get straight to the first word news. Reporter the United States has warned military action might be necessary to deal with north korea. This is after the test of a Intercontinental Ballistic Missile on tuesday. The United States is prepared to use the full range of our capabilities to defend ourselves and our allies. One of our capabilities lies without considerable military force. We will use them if we must, but we prefer not to have to go in that direction. Reporter the Trump Administr